EXTENSION OF THE MADEIRA FREE TRADE ZONE REGIME

EXTENSION OF THE MADEIRA FREE TRADE ZONE REGIME

On April 20th, 2021, Law Nº. 21/2021 was published. This law alters the Statute of Tax Benefits, specifically Article 36-A, which regulates the regime applicable to licensed entities in the Madeira Free Trade Zone.    The main impact of this law is the extension...
MADEIRA LOWERS ITS CORPORATE TAX RATE

MADEIRA LOWERS ITS CORPORATE TAX RATE

On December 31st, 2020, the Regional Legislative Decree (8/2020/M) was published, approving the Budget of the Autonomous Region of Madeira for the year 2021.  This Regional Budget introduces some very beneficial changes for the Region´s tax Regime, between other...
IV IBCM REGIME EXTENDED

IV IBCM REGIME EXTENDED

The European Commission announced on July 2, 2020 that, as part of efforts to mitigate the economic crisis caused by the COVID-19 pandemic, several State Aid schemes have been extended.   IV Regime of the International Business Centre of Madeira (IBCM), approved...
THE ORDINANCE NO. 233/2018, ISSUED ON AUGUST 21, 2018

THE ORDINANCE NO. 233/2018, ISSUED ON AUGUST 21, 2018

The Ordinance No. 233/2018, issued on August 21, 2018, regulates the Legal Regime of the Central Registry of the Beneficiary Effective approved by Law no. 89/2017, of August 21. The present decree defines: the form for the declaration on the beneficiaries effective;...
DOUBLE TAXATION BETWEEN PORTUGAL AND ANDORRA

DOUBLE TAXATION BETWEEN PORTUGAL AND ANDORRA

The Convention between the Portuguese Republic and the Principality of Andorra was approved and ratified in order to avoid double taxation and to prevent tax evasion.   This Agreement was approved and consequently ratified on May 22, 2017 and was published in...